$AKE ｜Lost the 0.03 level
Why do key price levels matter? There are often a large number of stop-loss orders clustered around these levels. Once the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
When the price returns to a level after several days, it often encounters people who bought around that price earlier and are looking to break even and exit or add to their positions, so trading activity tends to cluster there.
All indicators describe price movements that have already happened; the price can absolutely move in the opposite direction.
Why do key price levels matter? There are often a large number of stop-loss orders clustered around these levels. Once the price breaks through, those stops can be triggered all at once, often causing volatility to spike.
When the price returns to a level after several days, it often encounters people who bought around that price earlier and are looking to break even and exit or add to their positions, so trading activity tends to cluster there.
All indicators describe price movements that have already happened; the price can absolutely move in the opposite direction.